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The Latest Breaking News from Shanghai

Asian Stocks Extend Global Rally as Recession Fears Ease for Now

Asian markets rose Friday on easing recession fears, while there were growing hopes that Joe Biden will remove some Trump-era tariffs from Chinese goods. Buying was also boosted by reports that Beijing was considering a huge stimulus shot to the struggling economy by allowing local governments to raise billions of…

Asharq Al-Awsat · Jul 8, 2022

Shanghai reopens cinemas but COVID risks 'relatively high'

Shanghai reopened most cinemas on Friday, sticking to a plan of gradual resumption of daily activities after it lifted a two-month COVID-19 lockdown in June, while also trying, like several other Chinese cities, to contain resurgent infections.

Reuters · Jul 8, 2022

Private information of more than 100 Australians exposed amid huge China police data leak

A hacker posted in an online forum last week that they had stolen 1 billion records, mostly belonging to Chinese citizens, in an ongoing bid to sell the information for 10 bitcoins, or almost $300,000.

ABC News · Jul 7, 2022

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Millions tested in Shanghai as China grapples COVID resurgence

Millions of people in Shanghai queued for a third day of mass COVID-19 testing on Thursday as authorities in several Chinese cities scrambled to stamp out new outbreaks that have rekindled worries about growth in the world's second-largest economy.

Reuters · Jul 7, 2022

Asian stocks higher after US Fed signals more rate hikes

Markets in Shanghai, Tokyo and Sydney rise after Fed meeting flags possibility of “even more restrictive stance”.

Al Jazeera · Jul 7, 2022

Covid-19: Shanghai cases double in a day, fueling lockdown fears

SHANGHAI: Shanghai reported the most virus infections since late May, as a doubling of cases fuels concerns China's financial hub may find itself back in lockdown in pursuit of Covid Zero.

The Times of India · Jul 7, 2022

Goodbye Shanghai: After 16 years, COVID curbs send American family packing

American Heather Kaye and her family, including cat Mochi, are part of a wave of residents departing Shanghai, leaving behind their homes and memories, driven out by two years of strict COVID-19 curbs, including a crushing two-month lockdown.

Reuters · Jul 7, 2022

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Why Baidu Shares Are Diving Today

Baidu Inc (NASDAQ: BIDU) shares are trading lower by 5.41% to $145.91 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

Benzinga · Jul 6, 2022

Why Alibaba Shares Are Falling Today

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 2.29% to $117.38 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

Benzinga · Jul 6, 2022

Why Nio Stock Is Falling Today

Nio Inc - ADR (NYSE: NIO) shares are trading lower by 6.40% to $20.77 Wednesday morning. Shares of Chinese companies at large are trading lower after Shanghai announced it will be conducting mass COVID-19 testing in several districts following a rise in cases.

Benzinga · Jul 6, 2022

Report: Tesla Accelerated Production And Sales In China To New Record

It seems that Tesla has not only recovered production at the Giga Shanghai plant in China, but even set a new monthly record in June.

InsideEVs · Jul 6, 2022

Shanghai, Beijing order new round of mass COVID-19 testing

Residents of parts of Shanghai and Beijing have been ordered to undergo further rounds of COVID-19 testing following the discovery of new cases in the two cities

The Independent UK · Jul 6, 2022

Fresh Covid Outbreaks Put Millions Under Lockdown in China

Tens of millions of people were under lockdown in China on Wednesday as businesses in a major tourist city were forced to shut their doors and fresh clusters sparked fears of a return to blanket restrictions. Health authorities reported over 300 infections Wednesday, with clusters found in the historic northern…

Asharq Al-Awsat · Jul 6, 2022

Hackers offer data on 1 billion Chinese after alleged leak

Experts say alleged leak from Shanghai police database could be among largest data breaches in history.

Al Jazeera · Jul 6, 2022

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Reuters · Jul 6, 2022

China battles karaoke COVID cluster in Shanghai among other outbreaks

China is fighting nascent COVID-19 flare-ups across the country with mass testing and fresh restrictions, including in weary Shanghai where new cases have been linked to a building which houses a karaoke lounge that was operating illegally.

Reuters · Jul 6, 2022

Shanghai orders city's karaoke venues to shut after new outbreak

Shanghai has suspended operations of KTV karaoke venues in the city as it tries to stem a recent outbreak from one such location, but other recently reopened cultural venues like libraries will be allowed to stay open, a city official said.

Reuters · Jul 6, 2022

COVID and bust: China's private health system hurt by tough coronavirus controls

On March 24, a court in the central Chinese city of Fuyang announced that a $1.5 billion hospital built just four years earlier had filed for bankruptcy because it was unable to pay its debts.

Benzinga · Jul 5, 2022

Read Alibaba's Role In Shanghai's Recent Infamous Police Database Hack As China Struggles To Censor Breach News

China has rapidly censored news of the alleged hacking of a Shanghai police database, potentially compromising the personal data of more than one billion people, the Financial Times reports.&nbs

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The Independent UK · Jul 5, 2022

Alleged Chinese police database hack leaks data of 1 billion

Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history

Reuters · Jul 5, 2022

China's Shanghai announces two new rounds of mass COVID testing

The city of Shanghai on Tuesday announced two new rounds of mass COVID-19 testing of most of its 25 million residents over a three-day period, citing the need to trace infections linked to an outbreak at a karaoke lounge.

Tribune News Service · Jul 5, 2022

Hackers claim theft of police info in China’s largest data leak

Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database, in what industry experts are calling the largest cybersecurity breach in the country’s history.

The Times of India · Jul 4, 2022

China Covid outbreaks widen as mass testing finds more cases

BEIJING: China’s virus cases continued to climb over the weekend with hundreds of infections detected in Anhui province, where two counties were already in lockdown.

Asharq Al-Awsat · Jul 4, 2022

Hacker Claims to Have Stolen 1 Bln Records of Chinese Citizens from Police

A hacker has claimed to have procured a trove of personal information from the Shanghai police on one billion Chinese citizens, which tech experts say, if true, would be one of the biggest data breaches in history. The anonymous internet user, identified as "ChinaDan", posted on hacker forum Breach Forums…

The Independent UK · Jul 4, 2022

Air New Zealand operates 13-hour flight to nowhere due to fault with plane windscreen

The crew of an Air New Zealand flight opted to do a U-turn 4 and a half hours after take off rather than continue journey to Shanghai

Caixin Global · Jul 4, 2022

Shanghai Composite Index Rose 0.53% on Monday

Shenzhen Component Index closed up 1.29%

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